Legacy planning and generational wealth have become major topics in recent years—and for good reason. As the largest wealth transfer in history begins, a critical question emerges: How do we prepare the next generation not just to inherit wealth, but to use it wisely?
At the center of it all is this simple but powerful idea: you must control the banking function—and teach your children to do the same.
The $85 Trillion Opportunity
Over the next few decades, baby boomers are expected to pass down an estimated $85 trillion to their children and grandchildren. It’s one of the most significant financial shifts we’ll see in our lifetime. But this opportunity comes with risk. Without proper planning and education, much of that wealth could be lost, mismanaged, or taxed inefficiently. That’s why legacy planning must go deeper than just money—it must include systems, strategy, and the ability to control the banking function at the family level.
The Baby Boomer Mindset: Fear of Running Out
Many baby boomers have spent their lives saving diligently, sacrificing to build up retirement assets. But as they enter retirement, fear kicks in. Fear of running out. Fear of not leaving enough behind. This mindset leads many to follow the outdated “3% or 4% withdrawal rule,” hoping their portfolio lasts long enough to leave something behind. But this approach is built on scarcity and uncertainty. What if, instead, we created a strategy where boomers had permission to spend their money confidently, while still guaranteeing a legacy?
Whole Life Insurance: Certainty + Control
Enter whole life insurance—a powerful vehicle not just for protection, but for legacy creation and banking control.
Used properly within an Infinite Banking strategy, whole life insurance does two key things:
- Provides a guaranteed death benefit—a seamless, tax-free transfer of wealth at the perfect time.
- Creates a living asset—cash value that grows, compounds, and can be used during life.
When parents know they have a $1 million policy in place, they can confidently enjoy their other assets—spending, giving, or investing—without fear of leaving their kids empty-handed. This isn’t just about wealth transfer. It’s about reclaiming control over the banking function, even in retirement.
Create Liquidity Without Market Risk
In legacy planning, liquidity is key. When market downturns happen (and they always do), you need access to money without locking in losses. The cash value in a whole life policy provides that buffer. It’s a guaranteed pool of capital that isn’t tied to market performance. It’s liquid, predictable, and under your control. Think of it like a private line of credit—but one you own. It’s the type of control over the banking function that traditional banks don’t want you to know about.
Teaching the Next Generation to Control the Banking Function
We’ve seen it time and again: a family builds wealth, but without the right education, the next generation squanders it. As Nelson Nash said, if you divided all the money in the world equally, within a decade it would be right back in the hands of those who understand how to manage it. That’s why education is essential. It’s not enough to pass on money—you must pass on mindset and method.
Are your kids equipped to manage an inheritance? Have they read Becoming Your Own Banker? Do they know how to keep money flowing through their own system? If not, the wealth you build today could vanish tomorrow.
Legacy is About More Than Money
Legacy isn’t just about dollars. It’s about teaching your family how to take control of the banking function and keep wealth flowing within the family for generations. Imagine your kids and grandkids never having to ask a bank for a loan. They come to the family bank instead—borrowing against cash value, repaying it, and growing their own wealth in the process. This is how true generational wealth is built: not by giving money away, but by creating a system that teaches how to manage, grow, and control it.
What’s Your Legacy Plan?
Do you have a plan for transferring wealth that includes:
- Tax-efficient tools like whole life insurance?
- Systems your heirs can use to finance their lives and businesses?
- A process to educate them on controlling the banking function?
If not, it’s time to start. You don’t want to pass on assets without also passing on wisdom.
Let’s Create a Legacy That Lasts
At Sage Wealth Strategy, we help families do more than just leave money behind—we help them build systems that keep wealth growing and flowing for generations.
Whether you’re a baby boomer looking for peace of mind, or a parent who wants to set your kids up for success, we’re here to guide you. Let’s build a legacy rooted in financial freedom, family values, and control of the banking function.
Schedule an appointment, and take the first step toward creating a legacy that lasts.